[ANSWERED] Vincent anticipates chat his actual tax liability for the tax year will be $12,000 and that federa l

Vincent anticipates chat his actual tax liability for the
tax year will be $12,000 and that federa l income taxes withheld from his
salary will be $9,000. Thus, when he files his current year income tax return,
he will have a $3,000 balance due. In the previous year, his actua l federal
income tax liability was $8,000 and his AGI was less than $150,000 .
a. ls Vincent required to make estimated tax payments in the
current year? Explain.
b. Will Vincent be subject to an underpayment penalty if his
prior year AGI was $175,000? Why?